Excutive summary

Action                                : I  Long/buy, 5(!) wave degrees uptrend

Type signal                      : RETRACE, agressive

Applies to                        : Insitutional investors

Conservative Target       :1.15

2nd Target                         :1.10

Wave degree (1st)           :Cycle

Wave                                   :2

Wave degree (2nd)          :Primary

Wave                                     :2

Late Exit Alert :0.755

Earlier Exit Alert :0.770

 

Action                                  : Long/buy, 5(!) wave degrees uptrend

Type signal                         : RETRACE, agressive

Applies to                           : Long term investors

Conservative Target           :1.00

2nd Target                           :1.15

Wave degree (1st)             :Primary

Wave                                     :2

Wave degree (2nd)             :Intermediate

Wave                                       :3

Late Exit Alert :0.77

Earlier Exit Alert :0.755

 

My trade plan : I will lock partial profit along the resistance line and my stop loss is <$0.800

 

Extra information 

VIP is bying this stock, 

Trading Challenge

 

Many people committed to buy stock is very easy, when come to profit taking and cut loss is one of the most difficult part in trading world, talking about profit taking is dealing with greed and stop loss is dealing with fear, cutting loss is a must in trading world because it stopping my capital continue to loss, in order to stay alive in trading world... it is a must !!! it is not an option, else I suggest you get out of the trading and you are not suitable.

 

I wanted to used simple example to share on the cut loss ... you bought an egg and prepare to  used it for fry rice, some how you notice/suspect the eggs you pick was/may turn bad.... the question now is shall out throw/scrap the bad one and pick another .... or nevermind bet or hope the suspicious "bad" egg will be good and risk the good rice which is ready to cook ? you make the call... I am believed in order to win I got to know how to prevent I am loss in the market... if I notice I am wrong... I got to admit and cut the loss and make a next move.

 

As a reminder for myself

I am always remind myself If the trend is go again me and violated my SL limit, I will cut loss base on the risk preference.

Stop Loss is painful process because I making loss, but it is necessary to take it, it is very important because it protect my capital to ensure I am stay in the market.

 

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